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abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint
abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most...
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Jul 15, 2011
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: you applied your own tourniquet. >> yes. >> jon: and stayed in command of... wow. i mean, i'm honestly speechless. it's a remarkable story, and the one thing, as remarkable as the heroism in that is, is your remarkable heroism and your brothers and all the service people, as extraordinary as your acts were, what's really extraordinary is your ordinary service, the six tours in afghanistan and the two tours in iraq and all that you've done without commendation. i'm so pleased and honored that you would here today. i just wanted to thank you personally for not just your heroism but just your service, which is extraordinary in and of itself. i thank you so much for being here. do you have a couple minutes? we'll talk a little bit. we're going to throw it up on the web, the second part. we're going to stay here. it's just an honor to see you, sir. sergeant first class leroy petry. we're going to you could save a bundle with geico's multi-policy discount. geico, saving people money on more than just car insurance. ♪ geico, saving people money on more than just ca
: you applied your own tourniquet. >> yes. >> jon: and stayed in command of... wow. i mean, i'm honestly speechless. it's a remarkable story, and the one thing, as remarkable as the heroism in that is, is your remarkable heroism and your brothers and all the service people, as extraordinary as your acts were, what's really extraordinary is your ordinary service, the six tours in afghanistan and the two tours in iraq and all that you've done without commendation. i'm so pleased and...
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Jul 15, 2011
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>> jon: that's our show. join us next week at 11:00. here it, is your moment of zen. >> this is the last time that there's ever going to be harry potter film premier. it's like the end of an era. >> oh, my gosh, i'm so >> stephen: tonight, will a scandal bring down rupert murdoch? no. then a new threat from gitmo detainees. if they get any more dangerous, we might have to charge them with something. and my guest is jose antonio vargas, who recently admitted being an illegal immigrant. my original guest was the american whose job he stole. who has two thumbs and is incredibly bad at gesturing at himself? this is "the colbert report." captioning sponsored by comedy central [theme song playing] [cheering and applause] >> stephen: thank you for joining us, everybody. [audience chanting "stephen"] oh, that's nice. thank you for joining us. you know, once these people... once these people start chanting my name, you can't stop them. [laughter] folks, i want to say hello to everybody watching in america, especially to our viewers in italy. wel
>> jon: that's our show. join us next week at 11:00. here it, is your moment of zen. >> this is the last time that there's ever going to be harry potter film premier. it's like the end of an era. >> oh, my gosh, i'm so >> stephen: tonight, will a scandal bring down rupert murdoch? no. then a new threat from gitmo detainees. if they get any more dangerous, we might have to charge them with something. and my guest is jose antonio vargas, who recently admitted being an...
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Jul 15, 2011
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i mean because the votes aren't there in the republican caucus that is what happened to jon boehner, he had this rug pulled out beyonded intramural bickering with eric cantor, perceived bickering. the republican leadership desai-- denies it exists but it apparent that cantor has been the spokesman and the leader of that group and the republican caucus that is most anti-tax. >> woodruff: and the president, david s still saying, he said i put on the table, and he still s entitlements, social security, medicare, medicaid. and he's saying this is something that republicans, an opportunity they passed up on. >> yeah, i'm not sure it is a little exaggerated to say he put it on the table. they may have been putting it on the table and smelled at roama from the kitchen. so it wasn't really on the table. so the aroma was-- . >> woodruff: it's not really an offer. >> it was never really materialized but it was a possibility worth exploring and the possibility worth exploring was raise the medicare eligibility, tying social security to a different inflation measure which would reduce the benefi
i mean because the votes aren't there in the republican caucus that is what happened to jon boehner, he had this rug pulled out beyonded intramural bickering with eric cantor, perceived bickering. the republican leadership desai-- denies it exists but it apparent that cantor has been the spokesman and the leader of that group and the republican caucus that is most anti-tax. >> woodruff: and the president, david s still saying, he said i put on the table, and he still s entitlements,...